Originally Posted by Hog's Gone Fishin:
TDOC hit 34.40 which would have made an 8% trade. But actually it could have been bought down around 28 which could have made 20%
TDOC hit 35.85 today , that would have covered the 10% off the initial buy on a 2 day trade. 35.01 was 10% [Reply]
Originally Posted by displacedinMN:
down 1000 today. just put retirement off another year.
Honest question, are you new to investing/following the market in the past 5 years?
A 1000 point drop shouldn’t delay your retirement by a year given your age. If it does, you’re 1) too heavily exposed, 2) haven’t saved enough for retirement for your age, 3) your drawdown amount is over extended for what you “need” to live on rather than what you “want” to live on.
Within the next 1-5 years we’re likely to see a cyclical recession with markets possibly cut in half from where we are now. Again, these things happen. If this market makes you nervous, you’ll slit your wrists at that.
Get more conservative if a 2.7% drop in the DOW makes you delay retirement.
I hope others share their recommendations to you. [Reply]
Originally Posted by lewdog:
Honest question, are you new to investing/following the market in the past 5 years?
A 1000 point drop shouldn’t delay your retirement by a year given your age. If it does, you’re 1) too heavily exposed, 2) haven’t saved enough for retirement for your age, 3) your drawdown amount is over extended for what you “need” to live on rather than what you “want” to live on.
Within the next 1-5 years we’re likely to see a cyclical recession with markets possibly cut in half from where we are now. Again, these things happen. If this market makes you nervous, you’ll slit your wrists at that.
Get more conservative if a 2.7% drop in the DOW makes you delay retirement.
I hope others share their recommendations to you.
My recommendation would be to wait for a 1000 point increase day and then move retirement up one year. [Reply]
Originally Posted by lewdog:
Honest question, are you new to investing/following the market in the past 5 years?
A 1000 point drop shouldn’t delay your retirement by a year given your age. If it does, you’re 1) too heavily exposed, 2) haven’t saved enough for retirement for your age, 3) your drawdown amount is over extended for what you “need” to live on rather than what you “want” to live on.
Within the next 1-5 years we’re likely to see a cyclical recession with markets possibly cut in half from where we are now. Again, these things happen. If this market makes you nervous, you’ll slit your wrists at that.
Get more conservative if a 2.7% drop in the DOW makes you delay retirement.
I hope others share their recommendations to you.
Truthfully, I should never look at it. hoping to retire at 60. So 6-7 more years. [Reply]
Originally Posted by scho63:
My last day at Amazon is June 2. I see a lot of negatives in the short term.
Congrats. Hope it is retirement and not moving on. dont know your age, but how many 50-70 year olds just sit around anymore. Most do something to earn a little as needed. [Reply]
Originally Posted by lewdog:
Honest question, are you new to investing/following the market in the past 5 years?
A 1000 point drop shouldn’t delay your retirement by a year given your age. If it does, you’re 1) too heavily exposed, 2) haven’t saved enough for retirement for your age, 3) your drawdown amount is over extended for what you “need” to live on rather than what you “want” to live on.
Within the next 1-5 years we’re likely to see a cyclical recession with markets possibly cut in half from where we are now. Again, these things happen. If this market makes you nervous, you’ll slit your wrists at that.
Get more conservative if a 2.7% drop in the DOW makes you delay retirement.
I hope others share their recommendations to you.
I assume that he's talking about the year to date and not just the most recent meltdown. It's certainly impacting my plans for retirement soon. I went from being positioned really well last Thanksgiving to now thinking that I need to work longer. [Reply]
Originally Posted by Rain Man:
I assume that he's talking about the year to date and not just the most recent meltdown. It's certainly impacting my plans for retirement soon. I went from being positioned really well last Thanksgiving to now thinking that I need to work longer.
Did you see the updated OP? You slid in like a Ninja! [Reply]